Financial regulation winners and losers

On the occasion of the financial regulatory bill becoming law Wednesday, I thought I'd repost this handy cheat sheet of which industries won and lost in this legislation.

The bottom line: the bill defers more to regulators than it actually forces structural changes at banks. On balance, the banks could've fared much worse. So do they go in the "winners" or "losers" column? We don't know how aggressively regulators will act to reduce risk at the banks. The bill leaves a lot to their judgment. But presuming the biggest banks will lose some revenue from the added regulation, we'll put them in the "losing" column -- for now.

Winners

-- Community banks: Exempt from the hefty regulatory fees assessed on larger banks and left mostly free of a new consumer watchdog's oversight.